$ADYEN results came out for H2 2022. EBITDA % has come down from 61% to 52% and market is reacting (16% down).

~ Processed volume was €421.7 billion, up 41% YoY

~ Of these volumes, POS vol were €67.6 billion, up 62% YoY

~ Net revenue was €721.7 million, up 30% YoY

~ EBITDA of €372.0 million, up 4% year-on-year, with EBITDA margin at 52% [SHARP DECLINE FROM 61%]

~ Free cash flow conversion ratio was 80%, with CapEx at 8% of net revenue

Geographical diversification is working, growth is sustained. EBITDA decline is mainly due to addition of 757 new FTEs.

I am a shareholder and I am planning to add more.